Organisers of the World Innovation Congress to be held next month have announced a pioneering competition, which will bring together information and communication technologies entrepreneurs and investors from around the world.

The Global Entrepreneurship Competition, which will be held on the 18th of June in Barcelona in conjunction with the summit, will assist entrants and winners with innovative new business ideas.

“The Global Entrepreneurship Competition is a unique opportunity for young innovative companies from around the world to raise capital required to develop or promote their businesses. The projects are selected based on innovation, market impact, growth prospects, potential for economic return and global relevance,” said the organisers of the event.

“The nominees come from 24 countries in a wide range of sectors, from biotechnology, chemistry, telecommunications, software, to education, industrial design or finance. The products and services developed by these young ventures are diversified, from e-learning platforms for institutions, artificial skin for burn treatments, cancer treatment via laser, to urban waste management programs via Web-GPRS, and a web platform to promote journalism by citizens.”

The World Nominating Committee is headed by Professor Jerome S. Engel, Executive Director of the Lester Center for Entrepreneurship and Innovation at the University of California (Berkeley).

The two-day Congress focuses on the continued advancement of innovation and technology around the world.